1300 Palm Coast Pky SW - Bank FOR SALE


Palm Coast, FL 32137- Town Center
$5,421,053 USD
786-522-7013
1300 Palm Coast Pky SW, Palm Coast, FL for Sale
$5,421,053 USD
Bank - FOR SALE
1/2
null | 4.75% Cap Rate

1300 Palm Coast Pky SW
Palm Coast, FL 32137
Town Center


HIGHLIGHTS

  • TD Bank (NYSE: TD) Newly Executed 10 Year Absolute NNN Fee Simple Lease
  • Three Percent Annual Increases During the Base Term and Options
  • Strong Corporate Guarantee | +/- $106B Market Cap | 1,100+ Branches
  • Outparcel to Palm Coast Corners (Bealls &Winn-Dixie) along Palm Coast Parkway (44,500 Vehicles Per Day)
  • 24 Hour Walmart Supercenter and Home Depot Adjacent to the Property
  • Nearby Retailers include Lowe’s, Kohl’s, Belk, Publix Markets, CVS, Anytime Fitness and Autozone

OVERVIEW

Marcus & Millichap is pleased to present for sale this TD Bank located in Palm Coast, Florida. This is a newly executed 10 Year Absolute NNN Lease with Very Strong 3 percent annual rent increases during the base term and options. This property has visibility to an average of 44,500 vehicles daily with its location on busy Palm Coast Highway SW with the convenience of Four Drive-up ATM’s. This bank is located on an outparcel to Palm Coast Corners, which is a large 170,000+ square foot shopping plaza with Major Anchors Winn- Dixie and Bealls. Adjacent to this property is a 24-hour Walmart Supercenter and Home Depot. With its location along busy Palm Coast Highway SW, the property is nearby Publix Super Market, CVS Pharmacy, Anytime Fitness, and Auto Zone among others. This site has the advantage of direct on/off ramp access to I-95 (46,000+ Vehicles per day). This property has a very strong corporate guarantee from TD Bank (NYSE: TD). TD Bank is the 10th largest bank in the USA with more than 1,100 branches and a market cap exceeding $106 Billion. Palm Coast is a city in Flagler County, Florida with a population of over 89,800. It is the most populous city in Flagler County and is part of the Deltona-Dayton Beach-Ormond Beach Metropolitan Statistical Area which is the 88th largest MSA in the U.S. with a population of over 600,756. The economy of Palm Coast is driven by 30 mid-size businesses with Palm Coast Data Company being the largest and employing over 1,000 people. This area has had one of the highest rates of population growth since 1990, with Palm Coast, Florida more than doubling in population from 32,832 to 89,900 in 10 years. Palm Coast is a bedroom community for St. Augustine (25 miles to the North) and Daytona Beach(30 miles to the South). Interstate 95 crosses Palm Coast from north to South.

FOR SALE DETAILS

PRICE

$5,421,053 USD

PRICE/SF

$1,247 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TD Bank 10 Year Lease 3% Annual Increases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

COM-2

APN/PARCEL ID

07-11-31-7025-000A0-0020

ASK ABOUT THIS PROPERTY

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.